Fidm Scholarship Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 486,646 | 677,606 | −190,960 | 75.6 | 8% |
| 2021 | 322,130 | 478,925 | −156,795 | 103.0 | 6% |
| 2022 | 220,723 | 449,230 | −228,507 | 103.7 | 7% |
| 2023 | 927,021 | 3,911,446 | −2,984,425 | 2.8 | 1% |
In its most recent public year (2023), this organization spent $2,984,425 more than it brought in. Its reserves stood at about 2.8 months of spending, down from 75.6 in 2020. Staff pay was 1% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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